Stephen Roach Quotes


By staying disciplined with regard to inflationary policy, the Fed nips any inflationary expectations in the bud. - Stephen Roach



Borrowing from physics, the last thing an unstable system needs is a shock. And yet the risks of just such a disturbance have never seemed higher. Far-fetched as it seems, the possibility of a more perilous endgame is rising. - Stephen Roach